MIGRATION & DEVELOPMENT IN CENTRAL AMERICA: FORGING DIALOGUES, UNDERSTANDING IMPACTS
This project consists of hosting 5 dialogues that will each bring together Central Americans from government, civil society, private sector institutions (financial institutions and the media) and the donor community. Through their participation in these dialogues, policy practitioners will have an opportunity to engage with a variety of strategies designed to leverage migration for development through asset building. Discussions will focus on best practices and experiences as well as what
needs to be done to take full advantage of the development potential of
migration at each of the three stages of the migration cycle (prior to
departure, during migration, and following return). This project is funded by CAMMINA, the Central America and Mexico Migration Alliance.
THE REMITTANCE INDUSTRY OBSERVATORY (RIO)
RIO is a
project that seeks to improve knowledge and information about the
remittance market. As the competitive nature of remittance industry
moves forward, current economic performance of the U.S. economy shows
signs of improvement, Latin American migration patterns shift, and
various countries in the Americas review their legislation on migration,
it is becoming increasingly important for industry leaders to stay
informed of the trends that will affect their businesses. RIO is funded by its member companies. More information about RIO can be found here.
LATIN AMERICA AND THE CARIBBEAN REMITTANCE INDUSTRY SCORECARD
The scorecard is a quantitative framework used to rate more than 50 companies operating in ten countries in the region on a variety of criteria, focusing on remittance transfer service as well as country climates. Criteria include pricing, geographic coverage in the United States and Latin America, rural vs. urban coverage, financial services intermediation, customer satisfaction, and special product features. Data collection is underway, and the Scorecard is scheduled for release in Fall 2014.
HISPANIC MIGRANT SURVEY REPORT
The goals of this project are to determine the impact of the current economic crisis on remittances and on the contacts with the families and countries of Hispanic immigrants. The study will establish the pattern of use of financial services to cope with the crisis and describe the actual civic participation of the immigrants related to the crisis. This project is funded by the Multilateral Investment Fund, a member of the Inter-American Development Bank Group.
FINANCIAL INCLUSION FOR REMITTANCE RECIPIENTS
Through partnerships with local banks and credit unions, we offer financial education for remittance recipients, thereby providing them with basic financial management skills as well as access to financial services. The initiatives promote financial inclusion, education and savings
mobilization by transforming transactional clients into bank account
deposit holders. Saving in the formal financial system offers important
benefits for individuals and societies alike. From 2009 to the present,
the Dialogue has provided financial advising to over 170,000 people
worldwide, helping them to achieve better management of their income and
TRAINING SESSIONS ON MIGRATION AND DEVELOPMENT
The Remittances and Development Program designs and delivers a training program on migration and development for high-level government officials. The training sessions aim to strengthen governments’ capacity to provide effective, targeted, and comprehensive solutions to various forms of migration, including supporting measures to promote the linkage between migration and development. Each training session focuses on a different aspect of migration and development, including issues such as the role of the diaspora in home-country development, remittances and financial asset building, regulatory affairs, and women and migration.